MOnday AFR write up on MGX is fairly positive.....takeover...

MOnday AFR write up on MGX is fairly positive.....takeover possibility is there..here is a small piece

'DISCOUNT TO CASH IS TOO LARGE'

"We are there because we think the discount to cash is too large at the moment," Westoz executive director Dermot Woods said.

"The big swing factor is in the market's perception of Koolan Island. All the negative news – in terms of liabilities and potential redundancy and closure costs – is priced in and no potential positive news is priced in.
"The positive news is they could work their way through those infrastructure obligations so that doesn't remain a liability for them, they don't have to fully decommission Koolan Island in the short-term and they could get some kind of insurance payout. And there is always the chance someone comes and takes over the whole thing with a view to using the cash."


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